Semiconductor maker Broadcom’s (AVGO) latest earnings results, which will be released after the close of trading on Thursday, could be the epitome of the week’s most anticipated corporate news. Those numbers are expected to be confirmed with the stock up nearly 40% this year, and Wall Street analysts are generally bullish on the stock.

As of Wednesday, 12 of 13 analysts covering Broadcom tracked by Visible Alpha have rated the stock a “buy” or equivalent.

The consensus price target of $192.96 represents a premium of about 26% to Tuesday’s close of $152.79. Analysts, according to Visible Alpha, have set price targets between $173.50 and $210.

Broadcom split its stock 10-for-1 earlier this year. Here’s what you need to know about the chipmaker’s upcoming fiscal third-quarter earnings report.

Broadcom shares were down about 1% in recent trading on Wednesday.

Update: This article was first published on September 3, 2024. It has been updated to include the latest stock price data and analyst estimates.